10702 Cypress, Riverside, California 92505, Riverside, 92505 - 7 bed, 2 bath
10702 Cypress
Riverside, California 92505
Property Price
SUMMARY
Analysis of 10702 Cypress, Riverside, California 92505 is currently available with a list price of $6,000,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Riverside Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is land value only, full reconstruction required.
The listing explicitly states 'VALUE IN LAND' and suggests 'Tear Down and Re-Build' for the existing structures. The property was built in 1960, making it over 50 years old. The aerial images show a large, mostly undeveloped lot with older, utilitarian buildings, consistent with its past use as a manufacturing facility. The property's value is clearly based on the land and its potential for redevelopment, not the existing structures, which are implied to be beyond repair or not suitable for current use.
PROSSTRENGTHS & OPPORTUNITIES
- Development Opportunity
Explicitly marketed as a 'DEVELOPMENT OPPORTUNITY' and 'PERFECT LOT for the Developer or Investor!', highlighting its primary value proposition.
- Massive Flat Lot
The property boasts a 'MASSIVE FLAT LOT', which significantly simplifies construction and reduces site preparation costs for development.
- Dual Street Access
Benefiting from access on both Cypress and Mitchell, this dual street frontage enhances logistical flexibility and potential for subdivision or multiple access points.
CONSRISKS & DEFICIENCIES
- Lot Size Discrepancy
There is a notable discrepancy between the stated '8 Acres Approximately' in the description and the recorded 'lot_size' of 226,076 sqft (approx 5.19 acres), requiring immediate verification.
- Condition of Existing Structures
The description suggests 'Tear Down and Re-Build' for the 1960-built structures, indicating they are likely functionally obsolete or in poor condition, necessitating demolition costs.
- Potential Environmental Concerns
Previous use as a 'STONE Manufacturing Facility' may necessitate environmental due diligence (e.g., soil testing) to assess potential contamination, adding cost and time to development.
About 10702 Cypress
DEVELOPMENT OPPORTUNITY!! This is a MASSIVE FLAT LOT on Cypress & Mitchell with Access on both sides of the Property - VALUE IN LAND * * Previously used as a STONE Manufacturing Facility. Has (2) Structures for Possible Offices or Tear Down and Re-Build * * This is the PERFECT LOT for the Developer or Investor! Owners believe the Lot SIZE is 8 Acres Approximately - SEND ALL OFFERS!!
Property Details
Public Facts
- Property Type
- Mixed Use
- Year Built
- 1960
- Lot Size
- 226,076 Sq. Ft.
Interior
- Total Bedrooms
- 7
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 7.0 | 4.5 | 50% |
| Baths | 2.0 | 1.5 | 50% |
| Square foot | 1,937 | 1,342.5 | 50% |
| Lot Size | 226,076 | 120,879 | 50% |
| Price | $6.00M | $3.17M | 50% |
| Price per sq ft | $3.1K | $1.8K | 50% |
| Built year | 1960 | 1955 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 143 | 169 | 50% |
Pricing History
Listed for Sale
Oct 15, 2025
$6,000,000
Initial Listing